| The KUIK Morning Market Report for Tuesday, December 17: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 2 | points | 15,882 | 6:59 AM | ||
| S&P500 | Down | -0.20% | percent | 1,783 | (3.56) | ||
| Nasdaq Composite | Down | -0.20% | percent | 4,021 | (8.16) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.90 | Annual Yield | ||
| The consumer price index was unchanged in November on a seasonally adjusted basis, the Labor Department said. Economists polled by MarketWatch had expected a 0.1% increase. The price of gasoline fell, as it usually does after the end of the summer driving season, to pull down the energy index, helped by natural-gas prices which fell for fifth time in six months. Electricity costs rose and food prices rose .1% mostly because of dairy costs. Excluding food and energy core consumer prices rose 0.2%. The cost of housing, which makes up about one-third of the CPI, jumped 0.3%. | |||||||
| The Commerce Department reported the U.S. current account deficit narrowed to $94.8 billion in the third quarter, the lowest level since the fall of 2009, The gap fell from a downwardly revised $96.6 billion in the second quarter. The smaller deficit was largely the result of less income received by foreigners on U.S. investments. The U.S. trade deficit on goods and services, rose by $2.6 billion to $120.7 billion. The U.S. current account deficit represented 2.2% of gross domestic product in the third quarter, below the all-time high of 6.5%in the fourth quarter of 2005. It is a measure of whether a country lends or borrows more from the rest of the world. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-unchanged-in-november-2013-12-17 | |||||||
| http://www.marketwatch.com/story/us-current-account-gap-falls-to-948-billion-2013-12-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||